iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,419 Blog Posts

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With less than 40% of stocks higher today, most people lost money. There was significant deterioration in biotech and tech stocks, as the small capped melt down continues to take hold without any cause for alarm. The overall indices looked fine. Apple and other mega cap stocks did well, so there is nothing to worry about–yet.

I fully expect this rout to come to an end soon, once earnings are out of the way. In the meantime, you’d be wise to avoid holding stocks through earnings, unless of course you have actionable information–provided to you by insiders at the company you are invested in. If that’s the case, feel free to buy call options and place a large deposit at a securities law firm, as a retainer, for you will be needing it shortly.

One of you savages called into question my purchase of VNET, as if he knew anything at all. It’s unusual for stupid people to cast such wild eyed opinions. Let me help you help yourself: concentrate on your own money and cease offering financial advice to someone who doesn’t need or want it. That’s a life lesson for most of you out there, big mouthed folks trying to save others via advice that is ill tested and sourced from the well of a god damned garrulous road slob.

 

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35 comments

  1. Marc David

    What happens when Obama leaves office?

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    • Whiskey

      I average 23 trades p/day–for last 26 years—so how many trades will I do until the day he leaves?—I dunno—and that is all that matters—the daily or multi-day trend is how to outperform the averages–maybe u need an index fund

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    • Bernard Cornfeld
      Bernard Cornfeld

      What happens when the tap get turned off in October?

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    • Cascadian

      He will remain in office by executive order.

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    • heaterman

      We celebrate big time. ….1999 style.

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  2. Flyboy

    buy NUGT

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  3. J Livermore

    You people should be thinking about Le Fly’s brilliant use of the word “garrulous” as opposed to your guesses on the direction of stocks.

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  4. penfuin

    How do you feel about TSL?

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  5. it is showtime

    What happened to the big ramp…

    For the record
    I have my inverses set for limit sell levels G t c
    If we crash, HahAHHahahha If HAhahha, If.
    You’re not going to be able to get to your accts for normal buy/sell
    For the record

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    • Jon V

      Anyone that laughs at his own writing is a loser

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      • Bullish

        +1

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      • it is showtime

        That was my impression of you, laughing

        Heretofore, would that not mean, it was really you, laughing?

        Hence, did you not just, call yourself a loser

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  6. og

    En serio? LOCO?

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    • snoozemr

      POLLO LOCO. crazy f** 2 days of shares going back and forth. plan was to next trade SPKE tomorrow but some recent downgrades – i’ll probably avoid it – may see how LOCO trades again although I can’t imagine buying more. lot of interest in WLKP on Wed, RIGP Thurs and MBLY on Friday. Short window for IPO trading – hope to squeeze a few more in.

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    • ironbird

      LOCO is basic dry chicken on the bone. It is not a game changer of any kind. At best it is a half mexican version of Boston Market. Although, the street obviously loves the horseshit story. Potbelly was the new Subway, right?

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      • snoozemr

        never heard of it prior to be honest – resembles the name of the chicken joint in Breaking Bad from what the best of what I can recall. Noodles, Potbelly, Zoes, LOCO, never held shares for over a night. How the best IPO trades work. Surely you didn’t think I was accumulating all of these tickers for some sort of collection?

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  7. Highsurf

    I don’t comment on stock directionality much, but GOGO looks like it’s bouncing across the floor, consolidating on the lows. Liking it from here.

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  8. citywok

    Fly thoughts on TSL? Shitty solar with tariff?

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  9. I Am Jesse Livermore
    I Am Jesse Livermore

    The fact that El Pollo Loco (LOCO) is going beserk could be sign of a near term top. Also this…

    http://www.marketwatch.com/story/stock-trader-who-called-three-crashes-sees-20-collapse-2014-07-28?siteid=yhoof2

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    • Noni Kavuri

      Am I correct that the S&P 500 hasn’t had a correction in almost 3 years now? The last one was 7/22/11 to 8/19/11, where it corrected 16.47%?

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  10. ironbird

    The jolly giant of the teevee is going full retard chicken cooked on a solar panel. With any luck he will not have to break down in a fit like the mini me. If things go wrong.

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  11. checkthisout

    endtimeheadlines.org

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